I think people misunderstood what crypto is. I think most people think this is a quick rich scheme.
And the media use this chance to fool around with these people by SHILL coins to the max then spread the FUD. And then say I told you so it's a bubble.
It kinda piss me off when I see headlines exactly when bitcoin drops. I think they have prepared the article already and wait the price to go down then post it.
To be fair, there was a lot of publicity when the price was rising every day. That's what brought so many people with weak hands to this market in the first place
So true. The media is trying to make a scenario where these new money are the players. To buy the high (the hype) and sell the crash (the FUD).
Probably most of them don't even know the fundamentals about blockchain. I guess that's how the market works.
I agree with you. Misinformation is playing a big role in the whole thing
I think that's just how the media roll these days. They are trying to make money to from bitcoin's volatility by selling hype and FUD.
But the "Get Rich Quick" perception is absolutely correct...everyone who bought in the past made huge gains, but now it's known in the mainstream and millions of investors rushed in....the days of the easy money are gone, it's the same with all things, whether joining a company or buying a stock, the early entries win big and the rest fight for scraps relatively speaking. BTC may have a super bright future, but even if everything goes well, you won't get the performance in 10 years that you got in just a few months of investing in the past. It's just math.
People who make the most money are those before the hype. I think the media hasn't done with bitcoin now because it's lost 70% from ATH. I guess we'll have to see what kind of news are coming next.
I believe blockchain technology is going to stay for a long time. The government is trying to control it. The media is trying to get something to write which makes the hype and the FUD a good source of articles. Imagine how many clicks they get when bitcoin lost 30%?